Anti-Money Laundering

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Anti-Money Laundering

Any law or regulation requiring an institution to perform due diligence on potential clients to ensure that it is not aiding in a money laundering scheme. If the institution does not conduct due diligence properly, it may be held legally liable for the money laundering activities. These regulations were an important part of the USA PATRIOT Act.

The Second Annual Caribbean Regional Compliance Conference kicked off today in the Cayman Islands bringing together a number of noted international experts discussing current issues and trends in anti money-laundering prevention, crime enforcement and international co-operation.

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